The real estate market in
Breckenridge and Summit County is HOT! An article in the
Summit Daily News
in April, 2004, written by Kim Marquis en
titled
"Summit County Buildout Looms"
cites an analysis by Summit
County's planning department. "Buildout" is achieved when all of the
land zoned for development has been developed. Summit County is
currently about 69% builtout. Based on absorption rates over the past
10 years, development will consume another 25% by 2011, and reach total
buildout by 2013. Even if the growth rate slows, buildout is likely to
be achieved within the next 20 years. When this happens, county
planners believe Summit County will experience what happened in Aspen when
it reached buildout -- "Real estate
values went through the roof".
The population is not
expected to grow as fast as development, because more than 60% of the homes
in Summit County are owned as second homes for non-permanent residents --
absentee owners -- who intend to eventually retire here, or who have
purchased property for investment purposes. So the pristine
communities here are likely to stay uncrowded.
Given this information,
NOW may very well be the time to think about investing in Summit County and
Breckenridge real estate. I am an expert in resort real estate investment
analysis. I can help you determine if investing in Summit County makes
sense for you. Like most investments, the longer you wait, the more
you may have to pay and the less will be your return.
In the table below
are some of my Breckenridge real estate featured properties.
SEE OUR PAGE ON MTNHOMES.COM
(Click to get detailed
info)
|
|
|
|
|
Highlands, Discovery Hill Lot |
Vacant Land |
$549,000 |
|
Huron Heights Home |
3 Bedroom, 4 1/2 bath |
$1,195,000 |
|
39 Degrees North Lot |
Vacant Land |
$275,000 |
|
Villas at Swan's Nest Condo |
2 Bedroom, 2 Bath |
$439,500 |
|
Tyra Summit Condo |
2 Bedroom, 2 Bath |
$619,000 |